2025-05-13T20:43:19-05:00 2024-06-30 PwC US Tax LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2023-07-01 222440273 MAIN LINE REALTY CORPORATION % CURT WHITESIDE MAIN 4845804453 240 N RADNOR CHESTER ROAD STE 170 RADNOR PA 19087 LEIGH EHRLICH EVP/TREASURER 4845804453 2025-05-12 true true ERICA R MCREYNOLDS P00977806 2673303000 2025-05-08 2023 2025-03-06 01:10:19Z X LEIGH EHRLICH 240 N RADNOR CHESTER ROAD RADNOR PA 19087 15927738 false X WWW.MAINLINEHEALTH.ORG X 1983 PA INVEST AND MANAGE REAL ESTATE PROPERTY FOR THE BENEFIT OF THE MAIN LINE HEALTH SYSTEM AND TO ASSIST AND SUPPORT MAIN LINE HEALTH SYSTEM WITH THESE FUNCTIONS. 3 1 0 1 0 0 0 7225783 7620713 7159957 8306871 0 154 14385740 15927738 0 0 0 0 2467186 2828899 0 0 0 4337334 4465405 6804520 7294304 7581220 8633434 80511193 69111482 9165382 9441390 71345811 59670092 X MAIN LINE REALTY CORPORATION INVESTS IN AND MANAGES REAL ESTATE PROPERTY, PRINCIPALLY MEDICAL OFFICE BUILDINGS, FOR THE BENEFIT OF THE MAIN LINE HEALTH SYSTEM, IN PARTICULAR ITS HOSPITALS. MAIN LINE REALTY CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO ASSIST AND SUPPORT MAIN LINE HEALTH WITH THESE FUNCTIONS. false false 938126 0 1466497 MAIN LINE REALTY CORPORATION'S PRINCIPAL PURPOSE IS TO MANAGE HOSPITAL OWNED MEDICAL OFFICE BUILDINGS THAT PATIENTS CAN ACCESS FOR OUTPATIENT CARE FROM PHYSICIANS ON THE MAIN LINE HOSPITALS, INC. AND RIDDLE MEMORIAL HOSPITAL CAMPUSES. SERVICES PROVIDED INCLUDE ASSET MANAGEMENT AND ACCOUNTING SERVICES, AS WELL AS MANAGING THE EXPENSES INCURRED TO OPERATE THE BUILDINGS, INCLUDING UTILITIES, REPAIRS, REAL ESTATE TAXES, LIABILITY INSURANCE AND OTHER MEDICAL OFFICE BUILDING EXPENSES. 575248 0 831864 MAIN LINE REALTY CORPORATION HAS PURCHASED PARTNERSHIP INTEREST IN BMHR ASSOCIATES. SPECIFICALLY, MAIN LINE REALTY CORPORATION HAS AN 86.28% PARTNERSHIP INTEREST IN BMHR ASSOCIATES. MAIN LINE REALTY CORPORATION INCURS AND PAYS LEASE EXPENSES on its pro rata share of ownership AS WELL AS RELATED BUILDING COSTS ASSOCIATED WITH THE OPERATION OF THIS MEDICAL OFFICE BUILDING. 5462399 0 5322506 MAIN LINE REALTY CORPORATION owns a 51% interest in MAIN LINE HEALTH IMAGING LP, AN ORGANIZATION THAT PROVIDES MAGNETIC RESONANCE IMAGING AND PET CT SERVICES AT THE MAIN LINE HEALTH HOSPITALS, AS WELL AS VARIOUS OUTPATIENT HEALTH CENTERS. MAIN LINE REALTY CORPORATION also owns 100% of MAIN LINE HEALTH WELLNESS, LLC. WHICH CATERS TO THE DIVERSE NEEDS OF A DECONDITIONED OR MEDICALLY COMPROMISED POPULATION, AS WELL AS THOSE MEMBERS OF THE COMMUNITY WHO ARE FOCUSED ON MAINTAINING and improving THEIR HEALTH. OTHER JOINT VENTURES INCLUDE: PAOLI SURGERY CENTER, LP AND RMH HEALTH CARE CENTER ASSOCIATES, LP. 0 0 0 6975773 true false false false false false false false false false true false true true true false false true false false false false false false false false false false false true false false false false false false false false false false false false true true false false false true 2 0 true 0 false false false false false false false false false false false false X 3 1 false false false false true true true true true false false true true true true true true true true true true PA X CURT WHITESIDE 4843371864 240 N RADNOR CHESTER ROAD SUITE 1 RADNOR PA 19087 X JOHN J LYNCH III PRESIDENT/EX-OFFICIO TRUSTEE 1.0 39.0 X X 0 2587326 418770 MICHAEL J BUONGIORNO EVP/TREAS/TTEE(Until Dec 2023) 1.0 39.0 X X 0 1210877 43357 BRIAN T CORBETT ESQ SVP, GEN COUNSEL/SECRETARY 1.0 39.0 X 0 836290 126392 EILEEN CARR ASSISTANT SECRETARY 1.0 39.0 X 0 133562 29098 Leigh Ehrlich EVP/Treas/TTEE(Start Dec 2023) 1.0 39.0 X X 0 43261 23644 STEVEN HIGGINS CHAIRMAN/TRUSTEE 1.0 10.0 X X 0 0 0 0 4811316 641261 0 false true false NONE 0 0 RENTAL INCOME 532000 2144141 2144141 OTHER TENANT RELATED INCOME 532000 154066 154066 MANAGEMENT INCOME 532000 115000 115000 MLH WELLNESS REVENUE 532000 5207506 5207506 7620713 8306243 8306243 0 0 0 0 0 0 0 0 628 628 628 628 0 0 0 0 0 0 0 0 0 PURCHASE DISCOUNTS 154 154 0 0 154 15927738 7620867 0 8306871 0 0 0 0 0 0 2534591 2534591 0 0 0 0 94888 94888 0 199420 199420 0 150000 150000 0 0 0 0 520 520 0 0 0 0 0 0 0 0 450527 446657 3870 138560 138560 0 260966 260966 0 29902 29902 0 0 0 0 1748489 1748489 0 0 0 0 0 0 0 358 358 0 124512 0 124512 161409 0 161409 804568 804075 493 79306 79306 0 REPAIRS AND MAINTENANCE 174780 174780 REAL ESTATE & OTHER TAX 170300 164229 6071 BANK FEES 164845 142812 22033 EQUIPMENT RENTAL 4266 4123 143 2097 2097 7294304 6975773 318531 0 X 24942617 11850270 0 0 0 0 1307626 1372443 0 0 0 0 0 0 0 0 53774 37434 24093347 13393026 11144043 10700321 32846853 34635916 0 0 5915072 6512982 0 0 4301208 4002116 80511193 69111482 520003 709563 0 0 0 630207 3959559 3821205 0 0 0 0 0 0 0 0 4685820 4280415 9165382 9441390 X 71345811 59670092 0 0 71345811 59670092 80511193 69111482 X 8633434 190847 -20500000 X false true X true false X X 2 MAIN LINE HOSPITALS INC 231352160 3 true 0 0 RIDDLE MEMORIAL HOSPITAL 231529076 3 true 0 0 2 0 0 true false false false false false false false false false false false false false false true false 4705042 4705042 7646785 5601001 2045784 9473251 5931505 3541746 2268269 1860520 407749 0 0 0 10700321 INVESTMENT BMHR ASSOCIATES 1693245 C INVESTMENT MAIN LINE IMAGING 4819736 C INVESTMENT PAOLI SURGERY CTR 1 C 6512982 DUE FROM SYSTEM AFFILIATES 65704 DUE FROM NON-SYSTEM AFFILIATES 1809 INTEREST RECEIVABLE 293722 OPERATING LEASE ASSETS 3634671 INVESTMENT IN CAPTIVE 6210 4002116 0 DUE TO AFFILIATES 130107 OPERATING LEASE LIABILITIES 4150308 4280415 X X X X X false true false false false false false true false JOHN J LYNCH III PRESIDENT/EX-OFFICIO TRUSTEE 0 1349781 0 797068 0 440477 0 380074 0 38696 0 3006096 0 554414 MICHAEL J BUONGIORNO EVP/TREAS/TTEE(Until Dec 2023) 0 751055 0 447453 0 12369 0 0 0 43357 0 1254234 0 118545 BRIAN T CORBETT ESQ SVP, GEN COUNSEL/SECRETARY 0 567076 0 179425 0 89789 0 87548 0 38844 0 962682 0 157770 EILEEN CARR ASSISTANT SECRETARY 0 133312 0 250 0 0 0 0 0 29098 0 162660 0 0 FORM 990, SCHEDULE J, PART I, LINE 4B NONQUALIFIED RETIREMENT PLAN: THE PRESIDENT AND EVP-FINANCE/TREASURER ("PARTICIPANTS") PARTICIPATE IN A NONQUALIFIED RETIREMENT PLAN. MAIN LINE HOSPITALS, INC. PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH A FUNDING ARRANGEMENT KNOWN AS A COLLATERAL ASSIGNMENT SPLIT DOLLAR POLICY. THE PLAN PROVIDES THAT THE SYSTEM WILL PAY PREMIUM PAYMENTS ON A LIFE INSURANCE POLICY FOR EACH OF THE PARTICIPANTS. DURING THE PARTICIPANTS' LIFE, TO THE EXTENT SERVICE AND VESTING REQUIREMENTS ARE FULFILLED, THE PARTICIPANT CAN BORROW AGAINST VALUES IN THE POLICY TO SUPPLEMENT RETIREMENT INCOME. IT IS REASONABLE TO BELIEVE THAT THE LOAN IS PAID IN FULL UPON THE DEATH OF THE PARTICIPANT. FORGIVEN INTEREST INCLUDED IN PARTICIPANTS' EARNINGS ARE: PRESIDENT $41,370 EVP-FINANCE/TREASURER (MICHAEL BUONGIORNO) $12,369 SERP DISCLOSURE: MAIN LINE HEALTH, INC. ("MLH") AND ITS AFFILIATES PROVIDED SUPPLEMENTAL RETIREMENT BENEFITS THROUGH ESTABLISHED SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS ("SERP") TO SELECT MEMBERS OF SENIOR LEADERSHIP IN FY24. SERP BENEFITS FUNDED BY MLH ARE SUBJECT TO VESTING AND EMPLOYMENT DATE REQUIREMENTS AND ARE PAID OUT AT THE CONCLUSION OF A PREDETERMINED PERFORMANCE PERIOD. A PERFORMANCE PERIOD IS A TIMEFRAME OF AT LEAST TWELVE MONTHS THAT MAY COVER VARYING LENGTHS OF TIME FOR EACH INDIVIDUAL EMPLOYEE. BENEFITS FOR PARTICIPANTS VESTED IN A PLAN WERE REPORTED IN SCHEDULE J, PART II, COLUMN (B) (III) AND BENEFITS FOR PARTICIPANTS NOT YET VESTED IN A PLAN WERE REPORTED IN SCHEDULE J, PART II, COLUMN (C). FORM 990, SCHEDULE J, PART I, LINE 7 THE COMPENSATION OF THE CEO, EVP & CHIEF FINANCIAL OFFICER, HOSPITAL PRESIDENTS, AND OTHER SENIOR EXECUTIVES DID INCLUDE A NON-FIXED COMPONENT PAYMENT OF COMPENSATION BASED UPON PRE-ESTABLISHED QUALITY, PATIENT SAFETY, AND FINANCIAL TARGETS ESTABLISHED AT THE BEGINNING OF THE FISCAL YEAR. THE HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE MAIN LINE HEALTH BOARD IS RESPONSIBLE FOR EVALUATING AND DETERMINING THE APPROPRIATENESS OF THE TARGETS. AFTER REVIEW AND DELIBERATION, THE COMMITTEE DOCUMENTS ITS DECISIONS AND REPORTS TO THE FULL BOARD OF GOVERNORS WHO REVIEW THE COMPENSATION DECISIONS. PAYMENTS ARE MADE TO THE APPROPRIATE INDIVIDUALS BY THE ORGANIZATION WITHIN WHICH THOSE INDIVIDUALS RESIDE FOR PAYROLL REPORTING PURPOSES. PART VI, SECTION A, LINE 6, 7A AND 7B AS PER THE ARTICLES OF INCORPORATION, THE SOLE MEMBER OF MAIN LINE REALTY CORPORATION IS MAIN LINE HEALTH, INC., A PA NONPROFIT CORPORATION. AS SOLE MEMBER, MAIN LINE HEALTH, INC. HOLDS CERTAIN POWERS OF ELECTION AND APPROVAL IN CONNECTION WITH THE GOVERNING BODY OF MAIN LINE HEALTH. THESE POWERS ARE PRESENTED IN DETAIL IN THE COMPANY'S GOVERNING DOCUMENTS WHICH THE COMPANY MAKES AVAILABLE TO THE PUBLIC UPON REQUEST. POWERS ARE PRESENTED IN DETAIL IN THE COMPANY'S GOVERNING DOCUMENTS WHICH THE COMPANY MAKES AVAILABLE TO THE PUBLIC UPON REQUEST. PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED IN CONJUNCTION WITH PWC US TAX LLP AND REVIEWED INTERNALLY BY MANAGEMENT. IT IS THEN SENT TO THE BOARD OF TRUSTEES FOR THEIR REVIEW. THE FORM 990 IS REVIEWED AT A MEETING OF THE BOARD OF TRUSTEES PRIOR TO FILING. PART VI, SECTION B, LINE 12C ANNUAL CONFLICTS OF INTEREST STATEMENTS ARE REQUIRED TO BE COMPLETED BY ALL TRUSTEES, OFFICERS, DIRECTORS, AND OTHER INTERESTED PERSONS. ANY CONFLICT ARISING ARE REFERRED TO THE LEGAL DEPARTMENT FOR RESOLUTION. IF DEEMED NECESSARY OR ADVISABLE, CONFLICTS MAY BE REFERRED TO THE FULL BOARD FOR RESOLUTION. PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION PAID TO THE CEO, TOP MANAGEMENT OFFICIALS AND KEY PERSONNEL OF THE ORGANIZATION IS AS FOLLOWS: THE HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE MAIN LINE HEALTH BOARD, USING THE SERVICES OF AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTING FIRM AND BOTH NATIONAL AND REGIONAL HEALTHCARE DELIVERY MARKET COMPARABLE COMPENSATION DATA, IS RESPONSIBLE FOR THE EVALUATION AND DETERMINATION OF SENIOR EXECUTIVE BENEFITS AND COMPENSATION FOR THE CEO, EVP AND CHIEF FINANCIAL OFFICER, HOSPITAL PRESIDENTS, AND SENIOR VICE PRESIDENTS. AFTER REVIEW AND DELIBERATION, THE COMMITTEE DOCUMENTS ITS COMPENSATION DECISIONS AND REPORTS TO THE FULL MAIN LINE HEALTH BOARD OF GOVERNORS. THE COMPENSATION PAID TO KEY PERSONNEL OF MAIN LINE HEALTH SYSTEM AND AFFILIATES IS SIMILARLY DETERMINED USING MARKET SURVEY DATA REPRESENTING COMPARABLE POSITIONS IN SIMILAR ORGANIZATIONS AS PROVIDED BY INDEPENDENT CONSULTING FIRMS. COMPENSATION RECOMMENDATIONS AT THIS LEVEL ARE REVIEWED AND RECOMMENDED BY MLH COMPENSATION FUNCTION TO MEMBERS OF SENIOR MANAGEMENT. PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. PART VII, SECTION A, COLUMN B THE OFFICERS DEVOTE THEIR TIME TO ALL OF THE ORGANIZATIONS WITHIN MAIN LINE HEALTH SYSTEM AND, AS SUCH, THE TOTAL HOURS WORKED BY THE OFFICERS, ACROSS ALL OF THE ORGANIZATIONS, CUMULATIVELY REPRESENT THEIR FULL-TIME EMPLOYMENT STATUS. PART X, LINE 20 CERTAIN BOND PROCEEDS HAVE BEEN ALLOCATED TO MAIN LINE REALTY CORPORATION FROM MAIN LINE HEALTH SYSTEM, A RELATED ORGANIZATION. THE LIABILITIES FOR THE SERIES ARE REPORTED ON SCHEDULE K FOR MAIN LINE HEALTH SYSTEM. PART XI, LINE 9 OTHER CHANGES IN NET ASSETS INCLUDE THE FOLLOWING: Transfer to Main Line HealthCare (17,000,000) Transfer to Riddle Memorial Hospital (3,500,000) ------------ (20,500,000) MAIN LINE HEALTH WELLNESS LLC 240 N RADNOR CHESTER ROAD RADNOR PA 19087 474650233 HEALTHCARE PA -212594 9646432 MLRC MAIN LINE HEALTH SYSTEM 240 N Radnor Chester Road Radnor PA 19087 232814503 HEALTHCARE PA 501(C)(3) 12, II NONE false MAIN LINE HEALTH INC 240 N Radnor Chester Road Radnor PA 19087 232331531 HEALTHCARE PA 501(C)(3) 12, II MLHS false MAIN LINE HOSPITALS INC 240 N Radnor Chester Road Radnor PA 19087 231352160 HEALTHCARE PA 501(C)(3) 3 MLH false LANKENAU INSTITUTE FOR MEDICAL RESEARCH 100 LANCASTER AVE WYNNEWOOD PA 19096 232175659 HEALTHCARE PA 501(C)(3) 4 ML HOSPITALS false MAIN LINE HEALTH HOMECARE AND HOSPICE 240 N Radnor Chester Road Radnor PA 19087 232308028 HEALTHCARE PA 501(C)(3) 10 MLDS false RIDDLE MEMORIAL HOSPITAL 240 N Radnor Chester Road Radnor PA 19087 231529076 HEALTHCARE PA 501(C)(3) 3 MLH false RIDDLE HEALTH CARE SERVICES 240 N Radnor Chester Road Radnor PA 19087 222606545 HEALTHCARE PA 501(C)(3) 12, II RMH false MIRMONT ALCOHOL REHABILITATION CENTER 240 N Radnor Chester Road Radnor PA 19087 232215243 HEALTHCARE PA 501(C)(3) 3 MLDS false MAIN LINE AFFILIATES 240 N Radnor Chester Road RADNOR PA 19087 232308668 HEALTHCARE PA 501(C)(3) 10 MLDS false MAIN LINE DIVERSIFIED SERVICES INC 240 N Radnor Chester Road RADNOR PA 19087 232859148 HEALTHCARE PA 501(C)(3) 12, I MLH false MAIN LINE HEALTHCARE 240 N Radnor Chester Road Radnor PA 19087 232359401 PHYSICIAN MGM PA 501(C)(3) 12, I MLH false MAIN LINE SERVICES 240 N Radnor Chester Road Radnor PA 19087 232359402 HEALTHCARE PA 501(C)(3) 12, II MLDS false THE BRYN MAWR HOSPITAL FOUNDATION 130 SOUTH BRYN MAWR AVE BRYN MAWR PA 19010 232179020 FUNDRAISING PA 501(C)(3) 7 NA false LANKENAU MEDICAL CENTER FOUNDATION 100 LANCASTER AVE WYNNEWOOD PA 19096 232176723 FUNDRAISING PA 501(C)(3) 7 NA false PAOLI MEMORIAL HOSPITAL FOUNDATION 255 WEST LANCASTER AVE PAOLI PA 19301 232359407 FUNDRAISING PA 501(C)(3) 7 NA false BRYN MAWR REHABILITATION FOUNDATION 414 PAOLI PIKE MALVERN PA 19355 232507348 FUNDRAISING PA 501(C)(3) 7 NA false THE RIDDLE HEALTHCARE FOUNDATION 1068 WEST BALTIMORE PIKE MEDIA PA 19063 043601189 FUNDRAISING PA 501(C)(3) 7 NA false FIVE POINTE PROFESSIONAL LIABILITY INSUR 1105 N MARKET ST SUITE 1300 WILMINGTON DE 19899 204191006 INSURANCE DE 501(C)(3) 12, I MLHS false MLH Integrative and Functional MED SVCS 130 South Bryn Mawr Ave BRYN MAWR PA 19010 825397205 HEALTHCARE PA 501(C)(3) 3 MLDS false BMHR ASSOCIATES 240 N Radnor Chester Road RADNOR PA 19087 232311589 HEALTHCARE PA NA n/a -70426 2516610 true true 0.86286 MAIN LINE HEALTH IMAGING LP 240 N Radnor Chester Road radnor PA 19087 232409186 HEALTHCARE PA NA n/a 6388887 6208387 true true 0.51000 RIDDLE SURGICAL CENTER LLC 1118 WEST BALTIMORE PIKE MEDIA PA 19063 263899068 HEALTHCARE PA NA n/a 0 0 false false ACCOUNTABLE CARE ORGANIZATION OF PA LLC 240 N Radnor Chester Road RADNOR PA 19087 274553972 HEALTHCARE PA NA n/a 0 0 false false BRYN MAWR SURGERY CENTER LLC 130 SOUTH BRYN MAWR AVE BRYN MAWR PA 19010 472590785 HEALTHCARE PA NA n/a 0 0 false false 120 VALLEY GREEN LANE LLC 240 N Radnor Chester Road RADNOR PA 19087 823428069 HEALTHCARE PA NA n/a 0 0 false false MUVE - WEST CHESTER LLC 11221 ROE AVE LEAWOOD KS 66211 320537159 HEALTHCARE KS NA n/a 0 0 false false PAOLI SURGERY CENTER LLC 11250 Tomahawk Creek Parkway Leawood KS 66211 621547618 HEALTHCARE PA NA n/a -226978 950020 false true 0.32332 MAIN LINE CORPORATION 240 N Radnor Chester Road RADNOR PA 19087 231704075 INACTIVE PA NA C CORPORATION 0 0 false MOUNTAIN LAUREL RISK RETENTION GROUP 240 N Radnor Chester Road Radnor PA 19087 141868175 INSURANCE VT NA C CORPORATION 0 0 false RIDDLE HEALTH NETWORK LLC 1068 W BALTIMORE PIKE MEDIA PA 19063 232975542 INACTIVE PA NA C CORPORATION 0 0 false false false false false false false false false false true false false false false false true true false false